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May 05, 2021 07:05 ET | Source: ReportLinker ReportLinker
CBD Gummies Market Report Highlights
• By concentration, the low concentrated CBD gummies held the largest share of 90.2% in 2020 and are expected to maintain their lead over the forecast period. First-time buyers of CBD gummies prefer low CBD content gummies ranging from 1 mg to 20 mg CBD per gummy
• High CBD concentrated gummies are projected to register the fastest CAGR of 34.7% from 2021 to 2028. The increasing awareness among consumers regarding the advantages of marijuana edibles for the treatment of sleep disorders is anticipated to fuel the segment growth in the near future
• The offline distribution channel was the largest segment with a share of 56.4% in 2020. The overall sales through offline channel dropped drastically owing to the closure of all the brick and mortar stores due to the pandemic across the globe
• North America held the largest share of 62.0% in 2020. In the U.S., the legalization of cannabis for medical and recreational purposes is among the top factors driving the market for CBD gummies
Read the full report: https://www.reportlinker.com/p06068228/?utm_source=GNW
CBD Gummies Market Size, Share & Trends Analysis Report By Concentration (High, Low), By Distribution Channel (Online, Offline), By Region (North America, Europe, RoW), And Segment Forecasts, 2021 – 2028
New York, May 05, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “CBD Gummies Market Size, Share & Trends Analysis Report By Concentration, By Distribution Channel, By Region And Segment Forecasts, 2021 – 2028” – https://www.reportlinker.com/p06068228/?utm_source=GNW
The 2018 U.S. Farm Bill is considered to be one of the most supportive government policies for the promotion of CBD gummies and other CBD-based products in the U.S. The bill legalizes hemp and hemp-based products in the country and omits hemp from the definition of marijuana in section 102(16) of the Controlled Substances Act. As per this bill, the USDA will approve the states before harvesting for monitoring and production regulating purposes.
The global CBD gummies market size is expected to reach USD 13.9 billion by 2028. It is expected to expand at a CAGR of 30.7% from 2021 to 2028. The exceptional medicinal properties without any harmful side effects are expected to be a major factor contributing to the growth of the market. The consumption of CBD (Cannabidiol) gummies to relieve anxiety, depression, pain, and inflammation, and to induce sleep is expected to boost the growth of the market.
Go East from HWY 23, take a left on 8th Street, we are the first building on your left next to Toppers Pizza, downtown Sheboygan.
CBD and Delta 8 store specializing in educating customers on the benefits of Hemp. We carry many CBD products including CBD Oil, Pain Salve, Muscle Rubs, Bath Bombs, Skin Care, Hemp Beard Oil, Edibles, Coffee, Tea, Honey, Nasal Spray, and CBD Smokeables. We also carry the LARGEST selection of Delta 8 products including over 30 strains in Delta 8 Vape, many varieties of Delta 8 edibles (gummies, chews, peanut butter cups, truffles, Popping Candy), oil/tinctures, pre-rolls, concentrates, and flower.